Lin, Chin-Tsai; Wang, Yi-Hsien - In: Annals of Economics and Finance 6 (2005) 1, pp. 169-183
This paper examines whether there exists the effect of party alternative on Nikkei 225 stock behavior by the asymmetric GARCH model. The empirical work finds that the transition of ruling party effect is not a crucial variable to Nikkei 225 returns and volatility. Japanese feel apathy and...
